Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/272173 
Authors: 
Year of Publication: 
2023
Citation: 
[Journal:] EconPol Forum [ISSN:] 2752-1184 [Volume:] 24 [Issue:] 3 [Year:] 2023 [Pages:] 15-18
Publisher: 
CESifo GmbH, Munich
Abstract: 
The geopolitical rivalry between the US and China may spill over to Europe via extraterritorial sanctions. The US-Iran conflict shows that Europe losing access to the US market has been a powerful threat to limit Europe's trade with Iran. US extraterritorial sanctions, seen as a tool to limit Iran's sponsorship of international terrorism, became more attractive as the US became a energy exporter. Countermeasures against extraterritorial sanctions exist but proved largely ineffective in the past. European countries need to invest in strategic sovereignty to prepare for a possible fallout from the US-China geopolitical conflict.
Document Type: 
Article

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